This paper suggests an alternative way for estimating the gravity equation that takes into consideration country-pair heterogeneity in bilateral trade flows. Specifically, a stochastic varying coefficient gravity model based on Hildreth and Houck's (1968) random coefficient regression is...

This paper provides an empirical analysis of olive oil consumption in Greece for the period 1969-1998 using co-integration analysis. The estimated long and short-run elasticities suggest that prices of olive oil and other seed oils are more significant determinants of olive oil consumption than...

Differential inverse systems are used in this paper to investigate the structure of wholesale level demand for fish grades in Greece. Model selection tests suggest that the inverse CBS performs better that the competing differential systems. Homo-theticity and separability tests indicate that...